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Parkland Income Fund declares distribution payment

RED DEER, AB, Aug. 15 /CNW/ - Parkland Income Fund (TSX: PKI.UN) is
pleased to announce that a distribution of $0.105 per trust unit will be
payable on September 15, 2008 to unitholders of record on August 29, 2008.
Parkland Income Fund currently operates retail and wholesale fuels and
convenience store businesses under its Fas Gas Plus, Fas Gas, Race Trac Fuels
and Short Stop Food Stores brands and through independent branded dealers, and
transports fuel and other products through its Distribution division. With
approximately 585 locations, Parkland has developed a strong market niche in
Canadian non-urban markets focused in the West. The Fund supplies propane,
bulk fuel, heating oil, lubricants, industrial fluids, agricultural inputs and
associated services to commercial and industrial customers in Alberta, British
Columbia and the Yukon Territory under the Neufeld, Joy, United Petroleum and
Great Northern Oil brands.
Additionally, Parkland operates the Bowden refinery near Red Deer,
Alberta as a storage and contract-processing site. The Fund is also a
25 percent joint venture partner in a study, due to be completed by the end of
2008, to determine the feasibility of building a $300 million facility to
refine condensate into petroleum and other products.
Parkland is focused on creating and delivering value for its unitholders
through the continuous refinement of its site portfolio, increasing revenue
diversification through growth in non-fuel revenues and active supply chain
management.
The Fund's units trade on the Toronto Stock Exchange (TSX) under the
symbol PKI.UN. For more information, visit www.parkland.ca.
If you prefer to receive Company news releases via e-mail, please request
at corpinfo@parkland.ca.

For further information:

For further information: Parkland Industries Ltd., Administrator of
Parkland Income Fund: Red Deer: Mike W. Chorlton, President and CEO, (403)
357-6400; John G. Schroeder, Vice President and CFO, (403) 357-6400